Fixed Indexed Annuities
A Fixed Indexed Annuity (FIA), offered by Doyle Assurance Group, is a retirement savings product that uniquely combines the security of a traditional annuity with the growth potential of a stock market-linked investment. It involves a contract with an insurance company, where you make a single lump sum payment or a series of payments. In return, you receive the promise of future periodic payments. The distinguishing characteristic of an FIA is that its returns are tied to a stock market index, like the S&P 500.
However, it includes a critical safety feature: a guaranteed minimum interest rate to protect your principal investment from market downturns. While returns may be capped, FIAs offer the possibility of higher returns compared to traditional fixed annuities, especially in a thriving market, without directly exposing the investment to market risks. This unique balance makes FIAs an ideal option for those seeking to participate in market gains while safeguarding their principal, particularly beneficial for retirees or those nearing retirement.